What Should a PA Do If Approached by a Client

question 65

Multiple Choice

What should a PA do if approached by a client where he and his firm lack or do not have access to the technical knowledge required to complete the audit?

• A)subcontract the audit to another firm
• B)indicate that they can do a review engagement,not an audit
• C)decline the new audit engagement
• D)conduct the engagement,but prepare a qualified audit report

Recognize transitional expressions that signal cause and effect.

Analyze the health risks associated with cigarette smoking.

Evaluate the impact of historical decisions, such as Truman's order to drop atomic bombs on Japan.

Examine the consequences of legal decisions, such as sentencing in a kidnapping case.

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Definitions:

Systematic Sampling

A sampling method where elements are selected from an ordered sampling frame at regular intervals determined by the sample size.

Equal Chance

A principle ensuring that all participants or elements in a given context have the same likelihood of being chosen or occurring.

Population

The complete set of all elements or items under study in a given survey or experiment, from which a sample may be drawn.

Sampling Distribution

The distribution of a statistic (like the mean or proportion) derived from a large number of samples of the same size drawn from the same population.